Breitbart Business Digest: Inflation Is Still Stuck on Us
It is getting harder and harder to justify not raising rates at the next meeting of the Federal Open Market Committee.

It is getting harder and harder to justify not raising rates at the next meeting of the Federal Open Market Committee.
Did the economy grow or shrink in the first three months of the year?
New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the country into recession.
Someone forgot to tell the mall rats that the economy is supposed to be in a recession any day now.
The most heralded recession in U.S. history still is not showing up.
Long-term underlying inflationary pressures are pushing us toward a prolonged period of higher inflation or higher interest rates.
One sign of a very tight labor market is that very few workers are relocating to take up new positions.
How can we break this to you? The economy is not in a recession.
On Monday’s broadcast of CNBC’s “Squawk Box,” Atlanta Federal Reserve President Raphael Bostic said that he won’t be thinking about cutting interest rates “until well into” next year and that he probably wouldn’t cut interest rates if there was a
On Friday’s broadcast of the Fox News Channel’s “Your World,” Chicago Federal Reserve Bank President Austan Goolsbee stated that current credit conditions “have been correlated with recessions” in the past. Goolsbee said that “credit conditions like the ones we’re seeing
The payrolls numbers on Friday add evidence to our thesis that the economy reaccelerated in April after slowing in the prior two months.
Treasury Secretary Janet Yellen said this week that she expects the U.S. government could run out of cash as early as June 1 if the debt limit is not lifted.
Everyone has a job and no one is happy.
The economy is not losing steam at the rate many economists expected. To the contrary, we appear to be accelerating.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
The first-quarter GDP report bears all the signs of stagflation and makes a Fed rate hike all but inevitable, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
There was nothing in the Commerce Department’s report on first-quarter gross domestic product that should give the Federal Reserve a reason to hold back on raising interest rates.
April Is the Most Beautiful Month Almost everyone misunderstands why the narrator of T.S. Eliot’s “The Waste Land” supposed that April was the cruelest month. The narrator begins the poem as a depressive, deep in mourning for the collapse of
The housing recession is over—for now.
It looks like we are going to have to wait a bit before we see the most-anticipated recession in living memory.
The majority of Americans say their personal financial situation is getting worse.
One of the key gauges of the U.S. business cycle is once again ringing the alarm about an upcoming recession.
Fed officials were advised that the central bank’s staff now sees the economy heading toward a recession.
There was no signal in the jobs numbers on Friday that would press the Federal Reserve to back off of raising rates.
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton, Larry Summers stated that the March jobs report
Two-thirds of economists say they are not confident that the Fed can bring down inflation to two percent without triggering a recession.
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The Federal Reserve appears to expect economic growth to come crashing to an abrupt halt later this year.
Senator Elizabeth Warren (D-MA) said Wednesday on CNN’s “The Lead” that Federal Reserve Chairman Jerome Powell should be removed because he is “trying to drive” the U.S. economy into a recession.
The chances of the United States falling into a recession in the next 12 months have increased to 35 percent because of the “near-term uncertainty around the economic effects of small bank stress,” Goldman Sachs warned Thursday.
On Friday’s broadcast of Bloomberg’s “Balance of Power,” New Jersey Gov. Phil Murphy (D) stated that running a 19%-20% budget surplus is the right approach because he is “certain” that the U.S. economy is going to “soften.” Host David Westin
During a portion of an interview with CNN on Monday, Treasury Secretary Janet Yellen stated that while inflation remains “too high,” it has been generally declining over the past year, and she would characterize the process of bringing down inflation
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week” that took place before the January Personal Consumption Expenditures (PCE) price index inflation number was released, Harvard Professor, economist, Director of the National Economic Council under President Barack
On Tuesday’s broadcast of MSNBC’s “Jose Diaz-Balart Reports,” White House Council of Economic Advisers Chair Cecilia Rouse stated that the January CPI report shows “an economy where we see inflation continuing to ease with a labor market that remains robust”
The strength of the labor market is giving rise to the idea that instead of a “soft landing” or a “hard landing,” the economy may be on track for “no landing” at all. In other words, the long-awaited recession may not be looming in our near future—but that also means inflation will not be coming down either.
President Joe Biden said Wednesday on “PBS NewsHour” that the United States would not have an economic recession this year or next year.
This might be one of the most hated stock market rallies in history. The American public’s bearishness on stocks is accompanied by a dour view of our economic prospects over the next six months.
Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period, official figures showed Monday.
The layoffs in tech announced over the past month or so have many asking if this is a bellwether for the broader labor market.
The latest economic data continues to point in the direction of recession.